whoosh777 wrote:
One other thing, companies have to issue Annual Reports,
eg I have on my bookshelf:
"Barclays Bank PLC Annual Report 2001"
The glossy reports are mostly a partial(?) requirement of *public* companies, and just good business sense - especially for a financial company trying to prove it's a sound place to store your cash. In reality, while these may be mandated, they're still just big ads for the company, and in the US, at least, plenty of other reports and forms must be filed with the SEC - the body that regulates the stock exchanges -- and recently, of course, companies were found to have cooked those, too.
In the US, for smaller companies and LLCs, filing and paperwork requirements probably vary by jurisdiction. Mostly you just need your business license and tax forms kept up to date; maintaining the business license requires a filing of some report or another, and there are probably laws governing disclosure requirements even among private investors - though general fraud statutes would cover those dealings as much as anything specific... and of course, federal laws apply as well.
Funny how little any of us know about business, hmm?
